GDP Growth of India:

The economy of India on GDP growth:

The economy of India is the tenth-largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. On a per capita income basis, India ranked 140th by nominal GDP and 129th by GDP (PPP) in 2011, according to the IMF.  India is the nineteenth largest exporter and tenth largest importer in the world. Economic growth rate stood at around 6.5% for the 2011–12 fiscal year.

Statistics
GDP	$1.847 trillion (nominal: 10th; 2011) $4.530 trillion (PPP: 3rd; 2011)
GDP growth	5.3% (Q3, 2012)
GDP per capita	$1,514 (nominal: 139th; 2011) $3,652 (PPP: 125th; 2011)
GDP by sector	agriculture: 17.2%, industry: 26.4%, services: 56.4% (2011 est.)
Inflation (CPI)	CPI: 10.56%, WPI: 7.18% (Dec 2012)

Economic trends and issues:

In the revised 2007 figures, based on increased and sustaining growth, more inflows into foreign direct investment, Goldman Sachs predicts that "from 2007 to 2020, India’s GDP per capita in US$ terms will quadruple", and that the Indian economy will surpass the United States (in US$) by 2043.  In spite of the high growth rate, the report stated that India would continue to remain a low-income country for decades to come but could be a "motor for the world economy" if it fulfills its growth potential. According to the official estimates, Indian economy is expected to grow at 7.6% (+/- 0.25%) in the fiscal year 2012–2013.  However, leading financial organizations and economic think-tanks expect Indian economy to grow slower than official projections.

Indian economic growth outlook April, 2012 – March, 2013
Organisation	Estimated GDP growth rate	Month of projection
International Monetary Fund	6.1%	July 2012
World Bank	6.9%	June 2012
Asian Development Bank	6.5%	July 2012
Nomura	5.8%	June 2012
Morgan Stanley	5.8%	June 2012
JP Morgan	6-6.5%	June 2012
Goldman Sachs	6.6%	May 2012
Bank of America- Merrill Lynch	6.5%	May 2012
HSBC	6.2%	June 2012
Standard Chartered	6.2%	June 2012
Centre for Monitoring Indian Economy	7.2%	July 2012